Ray McDevitt
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Versatile 2,000-square-foot property situated along US Highway 45 in Metropolis with great potential for a variety of uses. Most recently utilized as professional office space for a CPA and insurance agency, the building is currently vacant and ready for its next owner and/or tenants. The exterior of the building has recently been painted giving it a fresh, modern look. Two separate electric meters provide the opportunity to accommodate two tenants, and the layout could also be converted into a duplex for residential rental use. The building features several exterior entrances, a handicap-accessible ramp, one full bath and two half baths, plus a range, dishwasher and microwave. With a flexible floor plan, potential uses include professional offices, retail space, residential rentals or a combination of uses, subject to applicable zoning and approvals. Parking is a major plus, with space for 12+ vehicles between the side parking lot and additional parking along the rear alley. Several tax and financial incentives available, subject to approval, from the City of Metropolis. Whether you're looking for an investment property, space for your own business, or a property with multiple income possibilities, this property offers plenty of options.
Property Highlights
Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1924
General Information
County: Massac
Listed By:
Farmer & Co. Real Estate
618-524-3000
MRED MLS
MLS ID: 12764977
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1101 E 5th Street, Metropolis, IL 62960.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $99,900 | $99,900 | $99,900 |
| Down Payment | $19,980 | $3,497 | $24,975 |
| Monthly Mortgage Amount | $525 | $636 | $642 |
| Taxes | $139 | $139 | $139 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $44 | $0 |
| Monthly Estimated Total | $764 | $919 | $881 |
Ray McDevitt
REALTOR®
Office: (563) 441-5228
Cell: (563) 940-0754
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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